Frequently Asked Questions

QUESTIONS AND ANSWERS

1. What’s the difference between term and whole life insurance?
   Term life covers you for a set number of years, while whole life lasts your entire life and builds cash value.
2. Can I still get health insurance if I have a pre-existing condition?
   Yes, plans available through the marketplace are required to cover pre-existing conditions.
3. What is a deductible in health insurance?
   Deductibles are the amount a person pays at the contracted (discounted) rates for services before the insurance plan begins to pay, while also helping lower the cost of covered services.
4. Do Medicare plans cover prescriptions?
   Most Medicare Advantage plans include drug coverage, and you can also add a Part D plan if needed. Prescription Drug Plans cannot be added to a Medicare Advantage plan only Medicare Supplements or Original Medicare.
5. Is dental and vision insurance included in health insurance plans?
   Most regular health plans don’t include dental or vision, but you can add them with supplemental coverage.
6. What happens to my life insurance if I stop paying?
   If you miss payments, your policy may lapse and benefits could end unless it has built-up cash value.
7. How often can I change my insurance plan?
   You can usually switch during open enrollment or if you have a qualifying life event.
8. What’s a fixed annuity?
   A fixed annuity is a financial product that provides guaranteed interest growth and income over time.
9. Do I need supplemental insurance if I already have health coverage?
   Supplemental plans help pay for things your main plan doesn’t, like copays, deductibles, or lost wages.
10. Can small businesses offer insurance to just a few employees?
    Yes, group plans are available for small teams and can be tailored to fit the size and budget of the business.
11. What if I don’t qualify for subsidies on the health insurance marketplace?
    We can help find private plans that still fit your budget even without financial help.
12. Can I get coverage the same day I sign up?
    It depends on the plan, but some types of coverage can begin as soon as the next day.
13. How much life insurance do I really need?
    We recommend choosing enough to cover final expenses, debts, and years of lost income.
14. What is critical illness insurance used for?
    It pays you directly when you’re diagnosed with a covered illness like cancer or a heart condition.
15. Do I need long-term care insurance?
    If you want to protect your savings from future care costs, long-term care insurance can help.
16. What’s the difference between Medicare Advantage and Medigap?
    Medicare Advantage replaces Original Medicare with added benefits, while Medigap fills in the coverage gaps.
17. Is disability insurance worth it if I’m healthy now?
    Yes, because unexpected accidents or illnesses can happen and leave you unable to work.
18. Can I cover my whole family with one insurance plan?
    Yes, family health and life insurance plans are available with different coverage levels.
19. How do I know if my doctor is covered under a plan?
    We help you check provider networks so you can keep your doctors if possible.
20. Are there penalties if I don’t have health insurance?
    Some states do have penalties, so it’s best to stay covered to avoid fees and protect your health.